Astonishing $500 million raised by Pump.fun following the initial coin offering, with all tokens selling out astonishingly in mere 12 minutes.
In a groundbreaking event that has sent shockwaves through the cryptocurrency industry, Pump.fun, a memecoin launchpad on the Solana blockchain, has successfully completed the fastest and one of the largest Initial Coin Offerings (ICOs) ever. The record-breaking ICO took place on July 12, 2025, and raised an astonishing $600 million in just 12 minutes.
The ICO saw the sale of 15% of Pump.fun's total PUMP token supply (150 billion tokens) at $0.004 per token, leading to a fully diluted valuation of $4 billion for the platform. The ICO was originally scheduled to last 72 hours but sold out almost instantly due to overwhelming demand.
Multiple major centralized exchanges participated in hosting the sale, including Gate.io ($5 million in orders), Kraken ($30 million), KuCoin ($16.5 million), and others like Bybit and MEXC. However, Kraken experienced technical difficulties processing orders due to the massive volume, prompting compensations via token airdrops to affected users.
U.S. and U.K. investors were excluded from the ICO due to regulatory restrictions. The tokens sold through the Pump.fun website and participating crypto exchanges will be transferred 48 to 72 hours after the sale, though they remain untradeable until July 15, 2025. Once the protocol announces that the process is completed, the tokens will become tradable and transferable.
The success of this ICO not only set a new benchmark for fundraising speed but also sparked discussions in the industry about a potential revival of the ICO model following years where alternative fundraising methods dominated. However, no further details about the specific allocations of funds in Pump.fun are available at this time.
The Daily Hodl reported this news, emphasising that no new information about the remaining supply of PUMP tokens, the timeline for the completion of the Pump.fun protocol, regulatory issues related to Pump.fun, partnerships or collaborations, potential scams or hacks, or new categories or topics was provided in the article.
This milestone marks a significant step forward for the cryptocurrency industry, demonstrating the potential for rapid and massive fundraising through ICOs. The future of Pump.fun and the memecoin market remains to be seen, but one thing is certain: the record-breaking ICO of Pump.fun has left an indelible mark on the history of cryptocurrency fundraising.
- The record-breaking ICO of Pump.fun on July 12, 2025, marked a significant milestone in the cryptocurrency industry, showcasing the potential of blockchain technology for rapid and massive fundraising.
- Altcoins like Pump.fun, launched on platforms such as the Solana blockchain, are now raising funds through Initial Coin Offerings (ICOs), causing a resurgence in discussions about this fundraising model within the crypto industry, despite years of dominance by alternative methods.
- The success of Pump.fun's ICO, which saw $600 million raised in just 12 minutes, has increased interest in the growth and development of the cryptocurrency industry, particularly in the finance sector and technology-focused investments.
